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Voice Recognition Market for the Automotive Sector in the US 2015-2019

  • October 2015
  • -
  • Infiniti Research Limited
  • -
  • 60 pages

About voice recognition
Voice recognition is a software that has the ability to convert and decode human voice into speech easily understood by a computer. It is an ability of a machine to receive, understand, and dictate the spoken commands. Voice recognition is used for biometric security purposes to determine the voice of a particular person to grant or deny access. In the automotive sector, voice recognition is used in cars to control infotainment systems and for security purposes. In the US, most cars are already equipped with voice recognition; however, the demand for advanced technology that can be used for several other applications such as navigation is increasing.

Technavio's analysts forecast the voice recognition market for the automotive sector in the US to grow at a CAGR of 7.36% over the period 2014-2019.

Covered in this report
This report covers the present scenario and the growth prospects of the voice recognition market for the automotive sector in the US for the period 2015-2019. The report presents the vendor landscape and a corresponding detailed analysis of the top vendors in the market. In addition, it discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by the vendors and the market at large, as well as the key trends emerging in the market.

To arrive at the market size, the number of automobiles with voice recognition feature is considered. Passenger cars that come under categories such as SUVs, crossovers, hatchbacks, and sedans are considered in the report. Large vehicles such as trucks are not included. The following automobile car manufacturers are considered in the report to calculate an average percentage of cars with voice recognition:
- BMW
- Fiat Chrysler
- Ford
- General Motors
- Honda
- Hyundai-Kia
- Nissan
- Subaru
- Toyota
- Volkswagen

Technavio's report, Voice Recognition Market for the Automotive Sector in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key Vendors
- Apple
- Google
- Nuance
- VoiceBox Technologies

Key market driver
- Need for driver safety
- For a full, detailed list, view our report

Key market challenge
- Inaccurate voice recognition system
- For a full, detailed list, view our report

Key market trend
- Use of biometrics for cars
- For a full, detailed list, view our report


Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Table Of Contents

Voice Recognition Market for the Automotive Sector in the US 2015-2019
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Market drivers
PART 07: Impact of drivers
PART 08: Market challenges
PART 09: Impact of drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
Competitive Scenario
PART 12: Key vendor analysis
Apple
Google
Nuance Communications
VoiceBox Technologies
PART 13: Appendix
Automobiles with voice recognition
List of abbreviations
PART 14: Explore Technavio

List of Exhibits
Exhibit 01: Product offerings
Exhibit 02: Voice recognition process
Exhibit 03: Average time in a year spent by US citizens on commuting 2014
Exhibit 04: Average time per day spent in US commuting to work 2014 (minutes)
Exhibit 05: Market size and forecast ($ millions)
Exhibit 06: Car variants with voice recognition in the US 2014
Exhibit 07: Car manufacturers and voice recognition fitment rate in the US 2014
Exhibit 08: Five forces analysis
Exhibit 09: Impact of drivers
Exhibit 10: Impact of drivers and challenges
Exhibit 11: Google and Apple automobile partners
Exhibit 12: Business segmentation by revenue 2014
Exhibit 13: Business segmentation by revenue 2013 and 2014
Exhibit 14: Business segmentation by revenue 2014
Exhibit 15: Advertising revenue of Google 2013 and 2014
Exhibit 16: Business segmentation by revenue 2013

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ref:plp2015

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